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glad to have you with us a last minute deal on the american a fiscal cliff was passed by the senate in the final hours before the deadline but has to go before the house of representatives the original deal agreed to raise taxes on americans making more than four hundred fifty thousand dollars per year but the house has postponed the vote indefinitely calling for more spending cuts lawrence freeman editor at the executive intelligence review magazine says nothing can save the u.s. economy from crashing over the fiscal cliff. and anyway so operating in a unique relationship in a farce to work over the mind of the american population be great there is no nothing in the proposal that any way shape or form will actually help the economy what with being right now again with twenty seven the people unemployed and missing for a get forty nine point seven million people live we already have tens in the people going to bread lines to get their food so this question of the big global economy and the wealth of the population is not good at all for nothing it's going to be resolved we're going to
glad to have you with us a last minute deal on the american a fiscal cliff was passed by the senate in the final hours before the deadline but has to go before the house of representatives the original deal agreed to raise taxes on americans making more than four hundred fifty thousand dollars per year but the house has postponed the vote indefinitely calling for more spending cuts lawrence freeman editor at the executive intelligence review magazine says nothing can save the u.s. economy from...
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a lot of the senators spoke about the fiscal cliff issue. here is the republican from wyoming and what he had to say. >> today we are busy patting ourselves on the back for avoiding the fiscal cliff. much't know how congratulation we ought to have for that. yesterday i was buying some groceries, and the guy at the checkout stand had no idea who i was, and should not have. he said, what is going on on capitol hill? what are those people doing? we ought to fire everybody in congress. they cannot get their work done. we have to get our work done. they don't have to get their work done. he made a good point. it is down to the level of gross restore check out people, and i suspect other levels than that. people are tuned into the news media or entertainment media. they call it the fiscal cliff, so that it appears to be in niagara falls with money running over it. more of a gradual slope, but we have to stop this downward slope that we are on. it is important that we do that. this is the body that can do that. congress can do that. we do a war of
a lot of the senators spoke about the fiscal cliff issue. here is the republican from wyoming and what he had to say. >> today we are busy patting ourselves on the back for avoiding the fiscal cliff. much't know how congratulation we ought to have for that. yesterday i was buying some groceries, and the guy at the checkout stand had no idea who i was, and should not have. he said, what is going on on capitol hill? what are those people doing? we ought to fire everybody in congress. they...
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we're waiting for the house of representatives to vote on the fiscal cliff deal that the senate passed early this morning. top republicans have already come out against senate bill. the fate is very uncertain. let's get latest from rich edson on capitol hill keeping track of all this for us. markets closed on the upside on hopes we would have a deal. does it look like we will by the time markets open tomorrow? >> diane this, is all hon hold. republicans ha the major concern mainly the lack of spending cuts. they all get together, 5:15, 15 minutes from now. they will start to hash this out or continue to hash this out and there is really no sense what house republicans will do with this. house democrats had a meeting this morning with vice president joe biden. they say they're not sure the number of sport they can get from house democrats. but they say that the republicans should allow a bill to hit the floor the one that passed the senate last evening with 89 votes. we talked to a number of different republicans who want to change this bill, alter it. if that happens, if republicans de
we're waiting for the house of representatives to vote on the fiscal cliff deal that the senate passed early this morning. top republicans have already come out against senate bill. the fate is very uncertain. let's get latest from rich edson on capitol hill keeping track of all this for us. markets closed on the upside on hopes we would have a deal. does it look like we will by the time markets open tomorrow? >> diane this, is all hon hold. republicans ha the major concern mainly the...
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cliff was passed by the senate in the final hours before the deadline but it has to go before the house of representatives the original deal agreed to raise taxes on americans making more than four hundred fifty thousand dollars per year but the house has postponed the vote indefinitely calling for more spending cuts lawrence freeman editor at the executive intelligence review magazine says nothing can save the u.s. economy from crashing over the fiscal cliff. but in any way this whole operation. in the forest to work with. nothing in the. world. economy we're seeing right now again with twenty seven million people unemployed and missing boy you have forty nine point seven million people that we poverty you have tens of millions of people going to read minds to get their food so this question of the physical tommy in the well for the population is not good at all for nothing it's going to be resolved and we're going to get aggressively to change the whole twenty fifth i'm sure that with legal separation of the banks and now we need some of the there are these where this bill is passed t
cliff was passed by the senate in the final hours before the deadline but it has to go before the house of representatives the original deal agreed to raise taxes on americans making more than four hundred fifty thousand dollars per year but the house has postponed the vote indefinitely calling for more spending cuts lawrence freeman editor at the executive intelligence review magazine says nothing can save the u.s. economy from crashing over the fiscal cliff. but in any way this whole...
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cliff was passed by the senate in the final hours before the deadline but now as they go to the house of representatives the original deal agreed to raise taxes on americans making more than four hundred fifty thousand dollars per year but the house's perspective on the voting definitely calling for more spending cuts let's talk to lawrence freeman he's editor of the executive review magazine is joining us on the line from maryland now to give us a bit more analysis of what's going on here hi lawrence know that the final decision is being left to the last minute now it looks like some sort of compromise solution has been reached who blinks first. in fact nothing is been no legislation has been passed as you know the house is still. discussing it and we're already getting word first in anyway this whole operation has been a i mean if you lacey here in the american are far too much work over the minds of the american population because there is no nothing in that befalls we are dead in any way shape or form will actually help the economy and with no i don't know what are they voting on
cliff was passed by the senate in the final hours before the deadline but now as they go to the house of representatives the original deal agreed to raise taxes on americans making more than four hundred fifty thousand dollars per year but the house's perspective on the voting definitely calling for more spending cuts let's talk to lawrence freeman he's editor of the executive review magazine is joining us on the line from maryland now to give us a bit more analysis of what's going on here hi...
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cliff the senate eventually agreed to hold the proposed tax hike which would have eventually affected virtually every american worker the deal still is that to go before the house of representatives later tuesday of his economics expert max kaiser told us that it's still too early to pop the champagne over it. some people call him the crazy kaiser mr marks joining us good to see you max. two thousand two thousand and thirteen a happy new year to you there it's a really kevin and a nice to hear you know you never say what made you always go for the juggler with all the guests you have on the kaiser report is there anyone at this point you already are eyeing up for two thousand and thirteen and he picked him in the future absolutely we're going after jamie diamond got the cops ready for. we're going to find him we're going to jail i'm a lot of the prankster. this is the year we see pranksters in jail i sort of started putting pranksters in jail now the rest of the world's going to stop putting pranksters in jail the fiscal cliff is just more theater from bankers and politicians trying t
cliff the senate eventually agreed to hold the proposed tax hike which would have eventually affected virtually every american worker the deal still is that to go before the house of representatives later tuesday of his economics expert max kaiser told us that it's still too early to pop the champagne over it. some people call him the crazy kaiser mr marks joining us good to see you max. two thousand two thousand and thirteen a happy new year to you there it's a really kevin and a nice to hear...
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cliff the senate eventually agreed to hold the proposed tax hike which would have affected virtually every american worker the deal still has to go before the house of representatives later on tuesday is economics expert max kaiser told us last evening it's still too late though too early to pop the champagne. but people call him a crazy kaiser mr max joining us there good to see you max i mean two thousand and two thousand and thirteen a happy new year to you there it's a rule of kevin and a nice to hear you know you never know what made you always go for the juggler with all the guests you have on the cars report is there anyone at this point you already are going up for two thousand and thirteen any victims in the future absolutely we're going after jerry. ready for. we're going to find i'm going to a lot of the ranks. this is the year we see pranksters in jail iceland is already putting pranksters in jail now the rest of the world going to. jail the fiscal cliff is just more theater bankers and politicians trying to distract people from the underlying root catastrophe that is a b
cliff the senate eventually agreed to hold the proposed tax hike which would have affected virtually every american worker the deal still has to go before the house of representatives later on tuesday is economics expert max kaiser told us last evening it's still too late though too early to pop the champagne. but people call him a crazy kaiser mr max joining us there good to see you max i mean two thousand and two thousand and thirteen a happy new year to you there it's a rule of kevin and a...
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and with an update on the so-called fiscal cliff legislation currently making its
and with an update on the so-called fiscal cliff legislation currently making its
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cliff the senate eventually agreed to hold the proposed tax hike which would have affected a virtually every american worker with a deal still has to go before the house of representatives later on tuesday economics expert max kaiser told us that it's still too early to pop the champagne . some people call him the crazy kaiser mr max joining us the good to see you max i mean two thousand to two thousand and thirteen a big happy new year to you there it's a rule we kept and a nice a here you know you never tell you what made you always go for the juggler with all the guests you have on the cars report is there anyone at this point you already are eyeing up with two thousand and thirteen any dictums in the future absolutely we're going after jamie diamond i don't think kraft ready for. we're going to find him we're going to jail i'm a lot of the banks that are compadres this is the year we see pranksters in jail iceland is already putting pranksters in jail now the rest of the world's going to stop putting pranksters in jail the disco clip is just more theater from bankers and politician
cliff the senate eventually agreed to hold the proposed tax hike which would have affected a virtually every american worker with a deal still has to go before the house of representatives later on tuesday economics expert max kaiser told us that it's still too early to pop the champagne . some people call him the crazy kaiser mr max joining us the good to see you max i mean two thousand to two thousand and thirteen a big happy new year to you there it's a rule we kept and a nice a here you...
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. >> the senate passes a bill to ease the pain of the "fiscal cliff." the one final hurtle to cross in the next couple of hours. >> reporter: tens of thousands lined up on the embarcadero to take in the new year's eve fireworks but police say some celebrations turned violent. we'll have the details in a live report. >>> and a ritzy new york couple busted with weapons and a bomb stash. but that's not all. the book that has police so concerned. keep it right here. we'll be back. ,,,, p [ female announcer ] pillsbury crescents on their own are fantastic but add some sauce, pepperoni and cheese and fold up the crescent dough...and presto! tuesday night just became crescent pizza pocket-tastic pillsbury crescents. let the making begin here's a better idea. pillsbury grands! flaky layers biscuits in just 15 minutes the light delicate layers add a layer of warmth to your next dinner. pillsbury grands biscuits dance class, shopping, and more. so do something nice for it. chevron with techron. care for your car. i'm grace lee michelle has the >>> america rings i
. >> the senate passes a bill to ease the pain of the "fiscal cliff." the one final hurtle to cross in the next couple of hours. >> reporter: tens of thousands lined up on the embarcadero to take in the new year's eve fireworks but police say some celebrations turned violent. we'll have the details in a live report. >>> and a ritzy new york couple busted with weapons and a bomb stash. but that's not all. the book that has police so concerned. keep it right here....
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reverse the effects of the fiscal cliff. >> and a vote came in the wee hours of the new year's and tahman bradley has more on this last-ditch session. kind of ruined some politicians' night, didn't it? >> reporter: exactly right. happy new year to you, paula and john. the senate bill passed in the wee hours of the morning with overwhelming support and heads to the house where its fate is uncertain. as americans rang in the new year, the senate was in session in the middle of the night passing a bill after the fiscal cliff deadline had gone by. >> i think we can say we've done some good for the country. >> reporter: since lawmakers missed the midnight deadline nearly every american wakes up with higher taxes but congress can undo those tax hikes if the house passes the senate's bill. vice president biden, who was instrumental in brokering the deal, told reporters he's hopeful it can get through the house but you never know. >> you shouldn't predict how the senate will vote before they vote and number two, you surely shouldn't predict how the house is going to vote. >> reporter: it would ex
reverse the effects of the fiscal cliff. >> and a vote came in the wee hours of the new year's and tahman bradley has more on this last-ditch session. kind of ruined some politicians' night, didn't it? >> reporter: exactly right. happy new year to you, paula and john. the senate bill passed in the wee hours of the morning with overwhelming support and heads to the house where its fate is uncertain. as americans rang in the new year, the senate was in session in the middle of the...
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the senate averted the fiscal cliff passing a bill early this morning. now president obama is calling on the house to pass it without delay. the deal avoids tax hikes and spending cuts that were to go into effect at midnight. >>> secretary of state hillary clinton is spending a second night in a new york hospital. she's being treated for a blood clot that formed in her head. doctors expect her to make a full recovery. >>> investigators say it could be at least a month before they know what caused a bus to crash in oregon that killed nine people. the charter bus was returning to canada when it plunged down an embankment sunday. survivors say people were thrown from the vehicle through broken windows. when the bus stopped, terrified passengers looked around for loved ones. >>> with five days left as governor of north carolina, beverly perdue has issued full pordens of the so-called wilmington ten. nine black men and one white woman were wrongly convicted 40 years ago for the fire bombing of a white-owned grocery store in wilmington. they denied any roll in
the senate averted the fiscal cliff passing a bill early this morning. now president obama is calling on the house to pass it without delay. the deal avoids tax hikes and spending cuts that were to go into effect at midnight. >>> secretary of state hillary clinton is spending a second night in a new york hospital. she's being treated for a blood clot that formed in her head. doctors expect her to make a full recovery. >>> investigators say it could be at least a month before...
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make your day bunches better. >>> updating the top stories we've gone over the fiscal cliff, but a senate deal reached overnight may keep tax increases and spending cuts from going into effect. the house votes on this deal later today. >>> secretary of state hillary clinton remains in a new york hospital this morning where she's being treated for a blood clot that was located near her brain. doctors say she's expected to make a full recovery. >> dozens of same-sex couples are tying the knot in maryland as gay marriage becomes legal in the state. a majority of voters approved of same-sex marriage in november. >>> heavy rain, thunderstorms along the gulf coast into the carolinas. very cold in the midwest and a chilly start to the rose parade out there in pasadena. >>> and finally this half hour call it rent a bunch of friends. you can have them at your beck and call laughing, making a scene, all that good stuff. >> all of that for a price, of course. abc's nick watt tried out the lifestyle. >> reporter: that's what i thought l.a. was all about. it's why i moved here. but this is my reality.
make your day bunches better. >>> updating the top stories we've gone over the fiscal cliff, but a senate deal reached overnight may keep tax increases and spending cuts from going into effect. the house votes on this deal later today. >>> secretary of state hillary clinton remains in a new york hospital this morning where she's being treated for a blood clot that was located near her brain. doctors say she's expected to make a full recovery. >> dozens of same-sex...
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earlier this morning, the senate passed a plan to fend off the fiscal cliff. the deal was crafted by vice president joe biden and the senate minority leader mitch mcconnell. the senate vote was overwhelming, 89-8. that say big vote these days. and the senarepublican controll house left well before midnight, they have to take up the matter today. >> our most important priority is protecting middle class families. this legislation does that. >> this shouldn't be the model for how we do things around here, but i think we've done some good for the country. >> this is what the deal means for you and your family. bush era tax cuts extended for individuals earning less than $400,000 a year, and couples earning less than $450,000. unemployment benefits extended for a year for 2 million americans and a permanent adjustment for inflation, for the alternative minimum tax. a pretty big deal. wondering about spending cuts, keep wondering, lawmakers deferred. they will fight over those cuts over the next two months, probably again and again and again. despite the progress o
earlier this morning, the senate passed a plan to fend off the fiscal cliff. the deal was crafted by vice president joe biden and the senate minority leader mitch mcconnell. the senate vote was overwhelming, 89-8. that say big vote these days. and the senarepublican controll house left well before midnight, they have to take up the matter today. >> our most important priority is protecting middle class families. this legislation does that. >> this shouldn't be the model for how we...
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that fiscal cliff has arrived but it looks like a solution is in place. andrea? >> thanks, kelly. your voice sounds a little like mine this morning. >> reporter: indeed. >>> doctors treating secretary of state hillary clinton for a blood clot in her head say they're confident she'll make a full recovery. more from chief science correspondent robert bazell. happy new year, robert. >> reporter: happy new year to you, andrea. the story could be a lot worse. it now appears that hillary clinton was in a dangerous situation, but it's been resolved successfully and every indication says she'll made a full recovery. she had a blood clot in a vein not in her brain but next to her brain. had it grown it could have cause aid small stroke. extensive examination has shown she has not suffered neurological damage. it would have indicated there was a small stroke but there wasn't a stroke. doctors are clear iing away the blood clot with blood thinners and believe she'll be in the hospital a few days and go on to make a full recovery. the news here at presbyterian hospital is very good and we're
that fiscal cliff has arrived but it looks like a solution is in place. andrea? >> thanks, kelly. your voice sounds a little like mine this morning. >> reporter: indeed. >>> doctors treating secretary of state hillary clinton for a blood clot in her head say they're confident she'll make a full recovery. more from chief science correspondent robert bazell. happy new year, robert. >> reporter: happy new year to you, andrea. the story could be a lot worse. it now...
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over the fiscal cliff. the major hurdle left to clear now. (woman) 3 days of walking to give a break cancer survivor a lifetime-- that's definitely a fair trade. it was such a beautiful experience. (jessica lee) ♪ and it's beautiful (woman) why walk 60 miles in the boldest breast cancer event in history? because your efforts help komen serve millions of women and men facing breast cancer every year. visit the3day.org to register or to request more information and receive a free 3-day bracelet today. it was 3 days of pure joy. ♪ and it's beautiful [ rain pattering ] [ heels clicking ] [ female announcer ] yoplait light tastes great now... ♪ ...and feels great later 20 delicious flavors of yoplait light, now at 90 calories each. yoplait, it is so good! >>> breaking news overnight. no midnight toasts on capitol hill. but there was an early morning vote on a deal to get us off the fiscal cliff. in just a moment, exactly what senators agreed to and why we're not out of the woods just yet. first, welcome ba
over the fiscal cliff. the major hurdle left to clear now. (woman) 3 days of walking to give a break cancer survivor a lifetime-- that's definitely a fair trade. it was such a beautiful experience. (jessica lee) ♪ and it's beautiful (woman) why walk 60 miles in the boldest breast cancer event in history? because your efforts help komen serve millions of women and men facing breast cancer every year. visit the3day.org to register or to request more information and receive a free 3-day bracelet...
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cliff the senate has already agreed to hold the proposed tax hike in two sent to effect the action every u.s. welcome but it's not all good news deal has still to go before the house of representatives later in the day and be thrashed out fully in a few months time nobody is talking about the true issue to the fact that the country and the western world is bankrupt basically this is a classic case of kicking the can down the road they didn't want to address it before the election so they said we'll extend the debt and we'll just wait till next year and they thought it would go up quite a bit further but the deficit ran up so much faster than anticipated well take care of it tomorrow and that's all the politicians in the u.s. or anywhere to they're not proactive they're not problem solvers they don't care about you and all they care about is their own little power and you know let the rest of the world be damned you are rich american doesn't understand why his country by the world economy is going down the drain all they know is class warfare which is what the administration wants that th
cliff the senate has already agreed to hold the proposed tax hike in two sent to effect the action every u.s. welcome but it's not all good news deal has still to go before the house of representatives later in the day and be thrashed out fully in a few months time nobody is talking about the true issue to the fact that the country and the western world is bankrupt basically this is a classic case of kicking the can down the road they didn't want to address it before the election so they said...
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the good news is the senate approved a fiscal cliff deal. the bad news is your taxes are going up regardless thanks to obamacare. and if you're over one of those horrible people who make over $400,000. five new taxes under obama care will start going into effect. affecting everything from health care costs to the cost of medical devices. the congressional budget office says there is a $1 trillion tax hike over the next decade. we're going to talk to one of the guys with medical devices and how they're going to be affected later. >> overnight two people gunned down in the middle of new year's celebrations. it happened in sacramento, california. people say a fight broke out in a restaurant and it spilled out into the street. three other people were injured. police haven't said if they arrested a shooter or not. >> the daughter of a prominent new york city doctor, and he's an occupy wall street organizer, both under arrest for having explosives and a document called a terrorist encyclopedia in their upscale manhattan apartment. 27-year-old morg
the good news is the senate approved a fiscal cliff deal. the bad news is your taxes are going up regardless thanks to obamacare. and if you're over one of those horrible people who make over $400,000. five new taxes under obama care will start going into effect. affecting everything from health care costs to the cost of medical devices. the congressional budget office says there is a $1 trillion tax hike over the next decade. we're going to talk to one of the guys with medical devices and how...
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early this morning, the senate passed an agreement to avoid the fiscal cliff. >> but it still must go to the house. they reconvene at noon today. congressional leaders hope to send legislation to president obama within a day or two, meaning that consumers shouldn't notice any impact. with the latest to explain it all, all the xs and 0s, we're joined by karen travers in washington. >> reporter: it's after midnight. while we technically have gone over the fiscal cliff, some last-minute arm twisting and negotiations may have provided a parachute. don't stop popping the champagne just yet. after days of intense negotiations, the white house and senate republicans reached a deal. vice president biden went up to capitol hill to sell it to senate democrats. >> happy new year. >> reporter: biden swooped in at the 11th hour to hammer out a way forward to mitch mcconnell. the agreement would permanently extend bush tax cuts to those making under $400,000 and households making $450,000. raise the estate tax at those valued at more than $5 million and extend unemployment benefits for 2 million pe
early this morning, the senate passed an agreement to avoid the fiscal cliff. >> but it still must go to the house. they reconvene at noon today. congressional leaders hope to send legislation to president obama within a day or two, meaning that consumers shouldn't notice any impact. with the latest to explain it all, all the xs and 0s, we're joined by karen travers in washington. >> reporter: it's after midnight. while we technically have gone over the fiscal cliff, some...
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a vote to avoid the fiscal cliff. now will the house follow suit? the skies over baltimore lit up as crowds welcomed in 2013. inner harbor was filled with revelers and live music as fireworks decorated the skyline and there was a special tribute to the baltimore orioles honored for the remarkable 2012 season we will look at that and other stories from around the world on this tuesday, it's january 1st 2013. happy new year and good morning i am charley crowson mike masco. >> it at this time me for asecond. >> 2013. >> that's amazing. >> you were up late partying. >> good evening. i mean booed morning. hoare what he -- good morning. here's what's going on. we are going to start 2013 on a chilly note and notice temperatures into the 30s throughout 43 in baltimore city. these are the dew point values. when you get the dew points into the 20s that's a dry atmosphere. there is precip with a dry atmosphere on top of us that will dry up. we are not expecting precip but clouds. notice the clouds on top of us right now. that wi
a vote to avoid the fiscal cliff. now will the house follow suit? the skies over baltimore lit up as crowds welcomed in 2013. inner harbor was filled with revelers and live music as fireworks decorated the skyline and there was a special tribute to the baltimore orioles honored for the remarkable 2012 season we will look at that and other stories from around the world on this tuesday, it's january 1st 2013. happy new year and good morning i am charley crowson mike masco. >> it at this...
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>>> cliff hanging. overnight the senate passes a deal to avert the fiscal crisis. now it heads for a showdown in the house. >> this shouldn't be the model for how we do things around here. but i appreciate the vice president's willingness to get this done for the country. >>> clinton blood clot. secretary of state hillary clinton is being treated for a clot in the vein between the brain and the skull. >>> and the world rings in the new year. ♪ captioning funded by cbs >>> good morning, everybody. happy new year to you. good to be with you. i'm terrell brown. while revelers ring in the new year the senate is also celebrating. just a few hours ago it overwhelmingly passed a bill to avert the fiscal cliff. now president obama is calling on the house to pass the bill without delay. the bill stops most of the tax hikes and spending cuts that were to kick in at midnight. sarah mergener is here with more. >> reporter: a deal now is on the books to avert some of the impact of the fiscal cliff which technically we have gone over. now it is up to the house. in the early mo
>>> cliff hanging. overnight the senate passes a deal to avert the fiscal crisis. now it heads for a showdown in the house. >> this shouldn't be the model for how we do things around here. but i appreciate the vice president's willingness to get this done for the country. >>> clinton blood clot. secretary of state hillary clinton is being treated for a clot in the vein between the brain and the skull. >>> and the world rings in the new year. ♪ captioning...
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could go over the fiscal cliff.
could go over the fiscal cliff.
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the fiscal cliff deadline has past. but lawmakers in the senate have just passed an agreement, which would reverse those drastic changes. >> under the deal, taxes would go up only on those making incomes of $400,000 for individuals, $450,000 for couples. now the measure goes to the house for a vote. >> and the house reconvenes today at noon. and secretary of state hillary clinton remains in a new york hospital this morning after doctors discovered a blood clot that formed near her brain. she's being treated with blood thinners. she'll be in the hospital until the right dose with be worked out. >> clinton suffered a concussion in mid december. doctors say she's expected to make a full recovery. >> she's making excellent progress they say and lucky they found that in a routine mri. >>> well, it's all over in times square now, except for that massive cleanup. more than a million people crowding the famous intersection for the midnight ball drop. >> and at the stroke of midnight, tons of confetti dropped down, some had been
the fiscal cliff deadline has past. but lawmakers in the senate have just passed an agreement, which would reverse those drastic changes. >> under the deal, taxes would go up only on those making incomes of $400,000 for individuals, $450,000 for couples. now the measure goes to the house for a vote. >> and the house reconvenes today at noon. and secretary of state hillary clinton remains in a new york hospital this morning after doctors discovered a blood clot that formed near her...
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the fiscal cliff deal. other senators that were planning to vote no, i know there were multiple no votes. an overwhelming vote in the u.s. senate in favor of the bill. >> what happens next? >> right, so now this vote goes to the house. we expect house members to come in tomorrow morning, many probably will be start reading the bill right now. they will caucus especially the attention will be on house republicans. to see if they have the votes to pass the bill, if they need to get democrats to do it. there will be a lot of votes coming tomorrow. we don't know the schedule yet. there could be a vote in the house tomorrow, or today, rather, tuesday. as soon as they could pass it. that may take another day if not clear, they will wait until tomorrow morning or i guess, now that is only about seven hours to get some guidance from house leadership. probably the next 12 hours we will see the next phase of this and we will know if the votes are there in the house to pass this bill or not. we can expect that the pre
the fiscal cliff deal. other senators that were planning to vote no, i know there were multiple no votes. an overwhelming vote in the u.s. senate in favor of the bill. >> what happens next? >> right, so now this vote goes to the house. we expect house members to come in tomorrow morning, many probably will be start reading the bill right now. they will caucus especially the attention will be on house republicans. to see if they have the votes to pass the bill, if they need to get...
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apparently they have reached a deal on the fiscal cliff. we anticipate vice president bide will be making comments. he just got done briefing senate democrats about the plan they've been negotiating. as soon as he comes out to speak, we're going to bring it -- >> first of all it's called the fiston cliff. and there's some sort of a car filled with -- look, i blame the tea party. i blame rand paul who by the way, you have him on your show way too much. >> we have -- >> he's a nut bag. go ahead send me your hate tweets, tea party. i know you want to hang me up like a columbian neck tie. i've heard them all. the tea party, they can be hurtful. >> rand paul he's -- >> really? >> yes. >> let's talk about the people turned down doing this show. >> we have to take a quick break and we'll have vice president biden's comments. >> rihanna coming up live in a moment. >> a look at pictures from around the country and around the world. we'll be right back. ♪ ♪ yeah. okay either of you put together the earnings report yet? yes, me totally. what? why
apparently they have reached a deal on the fiscal cliff. we anticipate vice president bide will be making comments. he just got done briefing senate democrats about the plan they've been negotiating. as soon as he comes out to speak, we're going to bring it -- >> first of all it's called the fiston cliff. and there's some sort of a car filled with -- look, i blame the tea party. i blame rand paul who by the way, you have him on your show way too much. >> we have -- >> he's a...
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the so-called "fiscal cliff." >> let's pass the tax relief portion now. let's take what's been agreed to and get moving. >> reporter: the tentative deal would extend bush-era tax cuts for families making $450,000 a year and individuals making $400,000. it would also increase the taxes on estates worth more than $5 million and extend unemployment benefits for one year. president obama said he would have preferred a grand bargain that solved all of washington's revenue and spending problems. >> with this congress, that was obviously a little too much to hope for at this time. [ laughter ] >> it may be we can do it in stages. >> reporter: negotiations have been going on all day. lawmakers and aides moving back and forth between meeting rooms here on capitol hill on what is normally a quiet new year's eve. the major sticking upon the now is spending. the president suggested lawmakers make action on deficit reduction in the next few months and that more tax revenue could be involved in those discussions. but republicans are furious at that possibility. >> i'm
the so-called "fiscal cliff." >> let's pass the tax relief portion now. let's take what's been agreed to and get moving. >> reporter: the tentative deal would extend bush-era tax cuts for families making $450,000 a year and individuals making $400,000. it would also increase the taxes on estates worth more than $5 million and extend unemployment benefits for one year. president obama said he would have preferred a grand bargain that solved all of washington's revenue and...
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i want to bring in tom foreman on the fiscal cliff. the emerging deal that's out there, no deal yet, and no deal until it's finalized, not only in the senate, as you know, tom, but the house of representatives and signed into law by the president. >> there's so many contentious details here. any one of them might trip this up, but there are two big pillars we're talking about today more than anything else. the first one seems to have been successful. it has to do with the idea of where you're going to put the threshold for maintaining the bush tax cuts. the republicans wanted to maintain the bush tax cuts for everyone. the white house said no, not for everyone. we want to do it for middle income people, but wealthier people can pay more. the president wanted to say anybody making over $250,000 as a couple in this country should pay more. they should go to a higher level of tax rates. however, the republicans by and large said they didn't want anybody to pay more taxes, but some said, if you're going to pay more, let's make it a million
i want to bring in tom foreman on the fiscal cliff. the emerging deal that's out there, no deal yet, and no deal until it's finalized, not only in the senate, as you know, tom, but the house of representatives and signed into law by the president. >> there's so many contentious details here. any one of them might trip this up, but there are two big pillars we're talking about today more than anything else. the first one seems to have been successful. it has to do with the idea of where...
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just hours until the fiscal cliff deadline, house republicans have pulled a plug. this, after both senate and white house made it clear a deal was very close. >> president obama told supporters this afternoon that there has been progress in avoiding a hike in middle class tax autos preventing that tax hike has been my top priority. >> the president said the deal being worked outwqjx between the senate republican leader mcconnell and vice president will extend current tax rates for households making up to $450,000 per year, increasing estate tax rate from 35% to 40%, and extend unemployment benefits one year. sticking spoint how long to push off massive mandatory spending cuts to the pentagon and domestic program goesing into affect in the new year, democrats want a one year extension, republicans insifrting on sooner. the president issued this warning about cuts only strategy. >> if they think that is going to be the form larks they've got another thing coming. it's not how goitsing to work. >> republicans bristledíróqj2lt remarks. >> it was dismissive and insul
just hours until the fiscal cliff deadline, house republicans have pulled a plug. this, after both senate and white house made it clear a deal was very close. >> president obama told supporters this afternoon that there has been progress in avoiding a hike in middle class tax autos preventing that tax hike has been my top priority. >> the president said the deal being worked outwqjx between the senate republican leader mcconnell and vice president will extend current tax rates for...
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fiscal cliff. here's what both sides are considering in a potential deal right now. an increase in tax rates for families making over $450,000 a year. extending unemployment benefits. and an increase in the estate tax. the president seemed hopeful but cautious when he addressed the american people earlier today. >> today, it appears that an agreement to prevent this new year's tax hike is within sight. but it's not done. there are still issues left to resolve. but we're hopeful that congress can get it done. but it's not done. >> let's get straight to our chief white house correspondent jessi jessica yellin. she's over at the white house with the very latest. the president seems pretty optimistic that it's within a few hours we could have a deal, right? >> reporter: wolf, the people i just spoke to here say they are no more or less optimistic than they were this morning. which is to say they are not cueing the confetti just yet. senator mitch mcconnell, the republican leader on the hill, is still t
fiscal cliff. here's what both sides are considering in a potential deal right now. an increase in tax rates for families making over $450,000 a year. extending unemployment benefits. and an increase in the estate tax. the president seemed hopeful but cautious when he addressed the american people earlier today. >> today, it appears that an agreement to prevent this new year's tax hike is within sight. but it's not done. there are still issues left to resolve. but we're hopeful that...
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the last day to avert the fiscal cliff before americans plunge head long into smaller paychecks. the u.s. snalt gets back to work right about now. the house has been in session for about an hour now. senate leaders are the ones trying to hammer out a deal picking tax break ceilings, trying to lessen the impact of spending cuts. there are still major obstacles to pass. but this morning we're hearing that progress is being made. we'll have more on that and the fiscal cliff negotiations in a minute. >>> first, i want to show you the rest of the world is ringing in the new year. midnight arrived in asia. they are calling it a pyre tech nick musical. they were scheduled to begin an hour before midnight. hong kong on the top ten places to ring in the new year. let's listen. ♪ ♪ ♪ ♪ >>> ring in the new year, good morning 2013. we'll continue to monitor all of these celebrations as the day rolls on. the night rolls on in some cases. midnight in the u.s. is the big fiscal cliff deadline. there are two fronts we are watching today. capitol hill and wall street. let's see if there's
the last day to avert the fiscal cliff before americans plunge head long into smaller paychecks. the u.s. snalt gets back to work right about now. the house has been in session for about an hour now. senate leaders are the ones trying to hammer out a deal picking tax break ceilings, trying to lessen the impact of spending cuts. there are still major obstacles to pass. but this morning we're hearing that progress is being made. we'll have more on that and the fiscal cliff negotiations in a...
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of issues in fiscal cliff tops. this as vice-president joe biden steps up to the negotiation table. joining us now from washington with the latest, peter barnes standing outside the white house. first, rich edson on capitol hill. the senate's orotund aware about an hour ago the senate finally got under way. >> reporter: good afternoon. right now they are discussing a current framework on how to address the sequester cuts, automatic government spending cuts that hit the federal budget starting this week. 94 billion for the year. they're discussing the current framework that would include protecting income amounts of less than $400,000 for individuals, 450,000 for couples , married families from a tax increase. this framework also includes keeping best -- estate tax levels where they are, extending the alternative minimum tax package that is preventing tens of millions of middle-class americans from having to pay the amt. a doctor checks, making sure that medicare doctors don't get a significant pay cut starting tomor
of issues in fiscal cliff tops. this as vice-president joe biden steps up to the negotiation table. joining us now from washington with the latest, peter barnes standing outside the white house. first, rich edson on capitol hill. the senate's orotund aware about an hour ago the senate finally got under way. >> reporter: good afternoon. right now they are discussing a current framework on how to address the sequester cuts, automatic government spending cuts that hit the federal budget...
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the real action taking place off the florida senate back in at 11:00 where we are monitoring the fiscal cliff negotiations and will bring you information as warranted. by our chaplain, father conroy. chaplain conroy: let us pray. loving god, we give you thanks for giving us near day. on this last day of 2012, forget not your people. there are many differences plaguing our nation's discourse . please send wisdom upon the leaders serving in government and good will on all principles on current negotiations. we thank you for the service of so many who work in this building whose labor provides the lubrication for the very public actions of the members of this assembly. though each deserves special mention, bless especially this day, jay pierson, who works his last day of 34 years of faithful service on the floor of the house. may all that is done this day be for your greater honor and glory. amen. the speaker pro tempore: the chair has examined the journal of the last day's proceedings and announces to the house her approval thereof. pursuant to clause 1 of rule 1 the journal stands approv
the real action taking place off the florida senate back in at 11:00 where we are monitoring the fiscal cliff negotiations and will bring you information as warranted. by our chaplain, father conroy. chaplain conroy: let us pray. loving god, we give you thanks for giving us near day. on this last day of 2012, forget not your people. there are many differences plaguing our nation's discourse . please send wisdom upon the leaders serving in government and good will on all principles on current...
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that's not even part of the fiscal cliff. that's in addition to the fiscal cliff. >>> good morning. we're live at the new york stock exchange. of course the moment we've been waiting for, the senate reconvening as we speak. 11:00 a.m. eastern time. we are waiting to see whether any progress has been made between republican senator mitch mcconnell and vice president joe biden. john harwood has told us they have not only had constructive talks, but talked past midnight, at 6:30 a.m. this morning. markets reacting quite like this, the dow down about 12 points, s&p positive by about three, and the nasdaq up about 15. meantime in hong kong, they are already celebrating the new year. this is a live picture of what's happening on the other side of the planet and that scene will be a lot more familiar to those on the east coast in just a few hours time. meantime just a few hours to go, still no deal on the fiscal cliff. how are the markets going to be impacted heading into the new year? head of research joining us from new york, andrew, happy new year to you. all kinds of predictions becaus
that's not even part of the fiscal cliff. that's in addition to the fiscal cliff. >>> good morning. we're live at the new york stock exchange. of course the moment we've been waiting for, the senate reconvening as we speak. 11:00 a.m. eastern time. we are waiting to see whether any progress has been made between republican senator mitch mcconnell and vice president joe biden. john harwood has told us they have not only had constructive talks, but talked past midnight, at 6:30 a.m. this...
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. >> the senate will come to order. >> as lawmakers try to avoid the so-called fiscal cliff. >> both sides agreed to push forward. >> i want everyone to know i am willing to go the distance. but i need a dance partner. >> vice-president joe biden departure for mcconnell. >> if is not resolved by midnight tonight tax increases will be for all americans. >> one mom said to me in michigan that is four months' worth of groceries. >> that is gas for me back and forth to work. >> democrats won higher taxes on americans earning more than two of the $50,000 a year. >> republicans want taxes to stay where they are. >> others want to see government spending to inject. >> the president--has said nothing about the addition about the spending of his administration. >> president obama said he is willing to do that. >> i offered over a trillion dollars in additional spending cuts so that we would have $2 of spending cuts for every $1 of increased revenue. >> the senate reconvenes at 11:00 a.m.. as americans celebrate the beginning of 2013 they may wake up wishing it were 2012 when they had more mon
. >> the senate will come to order. >> as lawmakers try to avoid the so-called fiscal cliff. >> both sides agreed to push forward. >> i want everyone to know i am willing to go the distance. but i need a dance partner. >> vice-president joe biden departure for mcconnell. >> if is not resolved by midnight tonight tax increases will be for all americans. >> one mom said to me in michigan that is four months' worth of groceries. >> that is gas for me...
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. >> if there is a deal today can it about get passed in time to avoid the fiscal cliff? >> i'm not optimistic that it can get through the house. if there's a deal of 75, 80 senators voting for it, which is what mcconnell and biden are trying to construct here, it's not a deal that would just get over 60 votes but something bigger than that, the house would have to put it on the floor and it probably passes and probably gets over the finish line. you know, that's where i'm not sure we get a deal. is the political will there among house republicans? i know what mitch mcconnell believes is in the best interest of the republican party. i don't know if john boehner and mitch mcconnell are in sync on believing that the tax issue should completely be taken off the table. if there's no deal today, they'll cut taxes in three days when there's a new congress. >> focusing back on the senate, how important is vice president biden? >> the only person with any sort of warm relationship with mitch mcconnell is joe biden. the president doesn't have one. harry reid and mitch mcconnell do
. >> if there is a deal today can it about get passed in time to avoid the fiscal cliff? >> i'm not optimistic that it can get through the house. if there's a deal of 75, 80 senators voting for it, which is what mcconnell and biden are trying to construct here, it's not a deal that would just get over 60 votes but something bigger than that, the house would have to put it on the floor and it probably passes and probably gets over the finish line. you know, that's where i'm not sure...
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john and zoraida are both off. >>> millions of americans will countdown to a fiscal cliff. a development that could send the nation back to recession. yesterday, the two parties turned to their respective closers, vice president joe biden and senate minority leader mitch mcconnell to get a back door deal done. the republican is not giving up. >> i'm interested in getting a result here. willing to work with whoever can help. there is no single issue that remains an impossible sticking point. >> all right according to the president, there has always been and still is one big sticking point. raising taxes on the middle class. he is planning his next move if the two sides can't carve out a compromise. >> pressure on congress to produce if they don't, what i've said is that in the senate we should go ahead and swrus legislation that makes sure middle class taxes stay where they are and an support or down vote. everybody should have the right to vote on that. if republicans don't like it, they can vote no. >> and everybody on the record to what they have to do. the senate won't c
john and zoraida are both off. >>> millions of americans will countdown to a fiscal cliff. a development that could send the nation back to recession. yesterday, the two parties turned to their respective closers, vice president joe biden and senate minority leader mitch mcconnell to get a back door deal done. the republican is not giving up. >> i'm interested in getting a result here. willing to work with whoever can help. there is no single issue that remains an impossible...
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to avert the fiscal cliff. mrs. hutchison: mr. president, we are here just hours before a looming deadline that is going to affect just about every american in some way, and i do believe that both sides of the aisle and both sides of the rotunda want to come to a conclusion that will keep us from having what looks like a complete meltdown of governing in washington. someone asked the question in one of our conferences when was the last time that congress was in session and voting between christmas and new year's, and the answer was since 1970, there ha not been such a session, and it has actually only happened four times in the history of our country, and two of those times were dealing with world war ii. so i think the enormity of the issue is very clear, and that's why we are here. i think we should have done this six months ago, a year ago. i think all of us agree that we shouldn't be here at this last hour still trying to negotiate a point at which so many americans are going to be me heavily taxed. i was p
to avert the fiscal cliff. mrs. hutchison: mr. president, we are here just hours before a looming deadline that is going to affect just about every american in some way, and i do believe that both sides of the aisle and both sides of the rotunda want to come to a conclusion that will keep us from having what looks like a complete meltdown of governing in washington. someone asked the question in one of our conferences when was the last time that congress was in session and voting between...
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working behind closed doors to avoid the so- called fiscal cliff. >> need progress today, sir? >> reporter: he and harry reid are working on scaled-down agreement that focuses on avoiding a middle-class tax hike. the plan is to present it to the full senate for a vote on sunday and send it to the house and hoax john boehner was at the capitol and left with no comment. both sides remain at odds over the democrat's insistence that the wealthy pay more in taxes. >> the president's tax hook would only fund the government for eight days. americans deserve to know what is the president -- what does the president propose we do for the other 357 days of the year. >> reporter: president obama insists his plan on the table is fair and includes plenty of cuts to government spending. >> we just can't afford a politically self-inflicted wound to our economy. >> reporter: if sunday's negotiations don't pan out, the president said he's ready to propose his own scaled-back bill that would block tax increases for all but the wealthy. and preserve expiring unemployment benefits. with the deficit
working behind closed doors to avoid the so- called fiscal cliff. >> need progress today, sir? >> reporter: he and harry reid are working on scaled-down agreement that focuses on avoiding a middle-class tax hike. the plan is to present it to the full senate for a vote on sunday and send it to the house and hoax john boehner was at the capitol and left with no comment. both sides remain at odds over the democrat's insistence that the wealthy pay more in taxes. >> the...